MICHAËL MAZUIN MOBILITY HUB: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
MICHAËL MAZUIN MOBILITY HUB
Largest movements
- Tangible fixed assets +€268,808
new in 2025: €268,808
- Receivables within one year +€23,778
up €23,778 (+25.2%), from €94,312 to €118,091
of which Trade receivables: +€75,944
- Stocks and contracts +€21,978
new in 2025: €21,978
- Cash -€16,618
down €16,618 (-19.2%), from €86,598 to €69,979
mainly Investment in fixed assets (net) (-€297,797) and Contributions, distributions and other (-€100,000)
- Deferred charges and accrued income +€10,083
up €10,083 (+23.7%), from €42,511 to €52,595
- Trade debts +€121,390
up €121,390 (+222%), from €54,661 to €176,051
- Tax, wage and social debts +€82,546
up €82,546 (+352%), from €23,474 to €106,019
of which Taxes: +€73,432
- Other debts +€77,429
up €77,429 (+117%), from €66,358 to €143,787
- Profit (loss) carried forward +€21,387
up €21,387 (+129%), from €16,557 to €37,944
- Gross operating margin +€361,478
up €361,478 (+257%), from €140,917 to €502,395
- Staff costs +€51,025
up €51,025 (+156%), from €32,753 to €83,779
- Financial charges +€39,886
up €39,886 (+79.6%), from €50,122 to €90,008
- Taxes +€38,594
up €38,594 (+533%), from €7,235 to €45,829
- Depreciation +€28,989
new in 2025: €28,989
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €223,421 | €531,451 | +€308,030 | +138% |
| Fixed assets | 21/28 | - | €268,808 | +€268,808 | |
| Tangible fixed assets | 22/27 | - | €268,808 | +€268,808 | |
| Furniture and vehicles | 24 | - | €268,808 | +€268,808 | |
| Current assets | 29/58 | €223,421 | €262,643 | +€39,222 | +17.6% |
| Stocks and contracts in progress | 3 | - | €21,978 | +€21,978 | |
| Stocks | 30/36 | - | €21,978 | +€21,978 | |
| Amounts receivable within one year | 40/41 | €94,312 | €118,091 | +€23,778 | +25.2% |
| Trade receivables | 40 | €42,146 | €118,091 | +€75,944 | +180% |
| Other amounts receivable | 41 | €52,166 | - | -€52,166 | |
| Cash at bank and in hand | 54/58 | €86,598 | €69,979 | -€16,618 | -19.2% |
| Deferred charges and accrued income | 490/1 | €42,511 | €52,595 | +€10,083 | +23.7% |
| Total equity and liabilities | 10/49 | €223,421 | €531,451 | +€308,030 | +138% |
| Equity | 10/15 | €78,928 | €105,594 | +€26,666 | +33.8% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €871 | €6,150 | +€5,279 | +606% |
| Non-distributable reserves | 130/1 | €871 | €6,150 | +€5,279 | +606% |
| Legal reserve | 130 | €871 | €6,150 | +€5,279 | +606% |
| Profit (loss) carried forward | 14 | €16,557 | €37,944 | +€21,387 | +129% |
| Amounts payable | 17/49 | €144,493 | €425,857 | +€281,364 | +195% |
| Amounts payable within one year | 42/48 | €144,493 | €425,857 | +€281,364 | +195% |
| Trade debts | 44 | €54,661 | €176,051 | +€121,390 | +222% |
| Suppliers | 440/4 | €54,661 | €176,051 | +€121,390 | +222% |
| Taxes, remuneration and social security | 45 | €23,474 | €106,019 | +€82,546 | +352% |
| Taxes | 450/3 | €17,009 | €90,441 | +€73,432 | +432% |
| Remuneration and social security | 454/9 | €6,464 | €15,578 | +€9,113 | +141% |
| Other amounts payable | 47/48 | €66,358 | €143,787 | +€77,429 | +117% |
| Remuneration, social security and pensions | 62 | €32,753 | €83,779 | +€51,025 | +156% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €28,989 | +€28,989 | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €13,809 | +€13,809 | |
| Other operating charges | 640/8 | €33,306 | €42,796 | +€9,490 | +28.5% |
| Non-recurring operating charges | 66A | €76 | €70,695 | +€70,620 | +93,153% |
| Gross operating margin | 9900 | €140,917 | €502,395 | +€361,478 | +257% |
| Operating profit (loss) | 9901 | €74,782 | €262,328 | +€187,546 | +251% |
| Financial income | 75/76B | €3 | €175 | +€172 | +5,183% |
| Recurring financial income | 75 | €3 | €175 | +€172 | +5,183% |
| Financial charges | 65/66B | €50,122 | €90,008 | +€39,886 | +79.6% |
| Recurring financial charges | 65 | €50,122 | €90,008 | +€39,886 | +79.6% |
| Profit (loss) for the period before taxes | 9903 | €24,663 | €172,494 | +€147,831 | +599% |
| Income taxes | 67/77 | €7,235 | €45,829 | +€38,594 | +533% |
| Profit (loss) for the period | 9904 | €17,428 | €126,666 | +€109,237 | +627% |
| Profit (loss) for the period to be appropriated | 9905 | €17,428 | €126,666 | +€109,237 | +627% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.